the Ups and Downs of Crypto

Litecoin (LTC) and EOS are showing the two ends of the crypto spectrum – one up and one down. EOS experiences a slight snag on its way to its mainnet launch while Litecoin receives nothing but support.

EOS

EOS is currently selling for $12.08, which puts the coin down 0.68% in the past 24 hours.

A recent EOS vulnerability was revealed that indicated the entire EOS network could have been taken down once the mainnet launched.

The vulnerability would have allowed malicious smart contracts to enter the EOS network and infiltrate all EOS nodes on the blockchain. Whoever controlled the malicious smart contract would then control the network – including giving them access to all transactions, private keys, wallets, and exchanges.

That’s a pretty big deal, but, thankfully, nothing the EOS team couldn’t handle. After being informed of the vulnerability, the EOS team worked to resolve the issues, and the vulnerability has now been reportedly fixed.

This means that the EOS mainnet launch will be going ahead as scheduled and, hopefully, won’t include any nasty surprises.

Litecoin (LTC)

It’s nothing but good news for Litecoin as the Nasdaq exchange reveals its support behind the cryptocurrency.

Nasdaq has dabbled in showing its interest in cryptocurrency, from possibly launching a crypto exchange of its own to the CEO stating her enthusiasm for the digital currencies. Now, Nasdaq has gone a little further, saying it’s prepared to back several cryptocurrencies.

One of those cryptocurrencies is Litecoin, which Nasdaq says it chooses to support because of the coin’s growth potential. Since becoming compatible with Blocknet, Litecoin can perform cross-chain operations. It’s also always been a coin known for its speedy and cheap transactions, which Nasdaq also approves of.